Foreigners comprise nearly 12% of Malta’s population

As of 31 December 2016, the total population of Malta was 460,297, out of which about 11.8 percent are foreign nationals.

Malta Today quotes NSO statistics as saying that 8,968 nationals of the EU came to Malta in 2016. On the other hand, 3,226 left the country. While 6,687 nationals of non-EU countries entered it, 4,119 exited this island nation in the Mediterranean Sea. The population is said to have increased from 2015 mainly owing to net migration.

Only 17 percent of the population of this country is under 18, while 28.8 percent are aged 65 and above. In January 2014, the country introduced the IIP (Individual Investor Programme) to attract wealthy people to come and invest in Malta. Malta is said to have earned €518 million until January 2018 since this scheme was floated.

The IIP allows these people to obtain Maltese citizenship, which allows them to enjoy all the advantages of EU citizenship after they pay a fee of €650,000, invest €150,000 in government bonds and €350,000 in property investment. They need not be physically present to prove their residency.

If you are looking to migrate to Malta, talk to Y-Axis, the world’s no.1 immigration and visa consultancy firm.